View:
SECURITIES AND EXCHANGE COMMISSION
Washington, DC 20549
FORM 8-K
CURRENT REPORT
Pursuant to Section 13 or 15(d) of the
Securities Exchange Act of 1934
Date of Report: November 27, 1996
----------------------------------
(Date of earliest event reported)
UAL CORPORATION
---------------
(Exact name of registrant as specified in its charter)
Delaware 1-6033 36-2675207
-------- ------ ----------
(State or other jurisdiction (Commission (I.R.S. Employer
of incorporation) File Number) Identification No.)
1200 Algonquin Road, Elk Grove Township, Illinois 60007
- -------------------------------------------------------------
(Address of principal executive offices) (Zip Code)
Registrant's telephone number, including area code (847) 700-4000
--------------
Not Applicable
--------------
(Former name or former address, if changed since last report)
ITEM 5. OTHER EVENTS.
-------------
UAL Corporation (the "Company") is filing herewith a press
release issued today by the Company as Exhibit 99.1 which is
incorporated herein by reference.
ITEM 7. FINANCIAL STATEMENTS AND EXHIBITS.
----------------------------------
Exhibit No. Description
- ----------- -----------
99.1 Press Release
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act
of 1934, the Registrant has duly caused this report to be signed on
its behalf by the undersigned hereunto duly authorized.
UAL CORPORATION
By: /s/ Douglas A. Hacker
-----------------------
Name: Douglas A. Hacker
Title: Senior Vice President and
Chief Financial Officer
Dated: November 27, 1996
EXHIBIT INDEX
Exhibit
Number Description
- ------- -----------
99.1 Press Release
Exhibit 99.1
Contact: Corporate Communications
Day (847) 700-5538
Evenings/Weekends (847) 700-4088
UNITED AIRLINES ANNOUNCES TENTATIVE MID-TERM WAGE
AGREEMENT
WITH AIR LINE PILOTS ASSOCIATION
FOR IMMEDIATE RELEASE
CHICAGO, Nov. 27, 1996 -- United Airlines today announced it
has reached a tentative agreement with the Air Line Pilots
Association (ALPA) on a mid-term wage adjustment. The agreement,
which has been approved by the Labor Committee of the UAL Board
of Directors and ALPA's Master Executive Council at United, is
subject to ratification by ALPA's members. Basic elements of the
agreement include:
-- Increases to actual wage rates of 3 percent in 1997, 3
percent in 1998, 2 percent in 1999 and 2 percent in 2000; and
-- Eligibility for lump-sum profit sharing payments in 1998
and 1999 of up to 2 percent, depending on the company's
performance in 1997 and 1998, respectively.
According to UAL Chairman and Chief Executive Officer Jerry
Greenwald, "United's and ALPA's negotiators worked long and hard
to reach an agreement that successfully balances the interests of
United's stockholders, our employees and our need to keep costs
competitive to allow us to compete -- in good times and in bad.
-more-
-2-
"I believe we have been successful on all counts," Greenwald
said. "These are the same principles that are guiding our
discussions to determine mid-term wage adjustments for IAM-
represented employees, and salaried and management employees."
ALPA members will vote on the tentative agreement in
December. Results of the vote will be available in mid-January.
-UA-